Farewell to Gian Marco Moratti. The entrepreneur, born in Genoa on November 29, 1936, died at the age of 81 following a serious illness. The oilman, president of Saras, was the husband of the former mayor of Milan Letizia Brichetto Arnaboldi Moratti, he was the brother of Massimo, the former Inter number 1 now controlled by the Chinese giant Suning. Father of four children (Angelo, Francesca, Gilda and Gabriele), he graduated in Law from the University of Catania and in the past he was also head of the Oil Union, as well as a member of the board of directors of Corriere della Sera and Bnl .
Gian Marco Moratti through his limited partnership held 25% of the oil group based in Sardinia: share recorded in the limited partnership balance sheet at a total value of 49.92 million euros against a current market value of 435.27 million (latent capital gain of 385 million). The remaining 25% of the controlling stake is held by the sapa of the younger brother Massimo.
In Piazza Affari, after the announcement of the oilman’s death, the Saras stock flies on the wings of speculation of a possible restructuring in industrial and equity terms. And if in mid-2013 the ally was found in the Russian giant Rosneft, now there are no other prominent and significant shareholders in the refining company’s shareholding after the January 2017 exit of the same big Russian.
With the death of the president of the Sarroch group, the market not only wonders about the future of the company, but becomes aware of a substantial heritage contained in the family partnership Gian Marco Moratti sapa, born on 27 September 2013 following the total demerger of the company. Angelo Moratti sapa (his brother Massimo, in turn, had set up another limited partnership) which today involves direct partners and holders of shares in bare ownership (the usufruct remained to his father Gian Marco) the first-bed son Angelo ( had by the journalist Lisa Sotis) and the second bed heir Gabriele (had by Letizia Brichetto Arnaboldi Moratti).
From the latest financial statements, the one as at 30 June 2017, approved on 12 October last, it emerges that Gian Marco’s joint venture had a shareholders’ equity of 162.93 million, with financial fixed assets of 76.88 million (most of which refer to the stake held in Saras), cash and cash equivalents for € 37.5 million and other diversified assets for a further tranche of € 48.42 million. In all, the assets of sapa amount to 163.2 million. Thanks to the proceeds (over 23 million) collected as a dividend from Saras (the previous year it had guaranteed more than 40 million), Sapa closed the balance sheet with a profit of 24.97 million, all left in reserve.
The documents of the partnership show that in addition to the investment in the oil refining group, Moratti had acquired 1.95% of Fila, the group of pencils and pencils brought to the stock exchange through the reverse merger defined by spac Space, in addition to 26 shares of the Scarlatti real estate investment fund managed by Generali. While in the 2016-2017 fiscal year sapa underwrote two 2017-2032 convertible bond loans for a total amount of 7.6 million, issued by the Stella Holding company of Gabriele Moratti and by the Angel Lab accelerator and incubator of Angelo Moratti. . Furthermore,
Gian Marco Moratti, director of the Bracco pharma group, was also the controlling shareholder (85.53%) of the real estate Securfin Holdings, managed by his wife Letizia Moratti (14.47%) which was the subject of a recent demerger defined to rationalize part of the owned assets which amounted to a total of 50 million.
Finally, it should be remembered that just a few days ago, on February 20, Gian Marco Moratti had taken over 25% of the Redemption clothing company launched a few years ago by his son Gabriele (in the past he was accused of having transformed an industrial warehouse without the necessary permits in a luxurious mansion inspired by the house of Batman) to promote a fashion line inspired by bikers. A brand transformed over the last two years from a pret-a-porter line to a haute couture brand, so much so that from 2017 it also shows in Paris.
Too bad that the accounts of Redemption certainly do not shine: the last financial statements filed, the one relating to the 2016 financial year, closed with a turnover of 413 thousand euros and a loss of 5.25 million (compared to a red of 4.2 million recorded in 2015). Hence the need to increase the share capital of the company and the entry of Gian Marco Moratti on the scene. Because if on February 5 the fashion company had launched a recapitalization of 3.7 million, on February 20 the president of Saras signed the increase for 2.8 million, taking over 25% and supporting Stella Holding of the son Gabriel.
Finally, it should be remembered that among the inheritances that the deceased shareholder and president of the oil group left to his relatives is the Agricultural Society Castello di Cicognola, in the Oltrepo Pavese, managed together with his wife Letizia (owners of the homonymous castle) and the oenologist Riccardo Cotarella, producer of wines made with Barbera, Pinot Nero, Nebbiolo and Chardonnay grapes. The winery, which has a net worth of 12.7 million and assets of 31.3 million, in 2016 recorded a turnover of 980 thousand euros and a loss of 714 thousand euros.
